Kuwait’s government resigned for the second time in four months on Monday after deputies moved to question the prime minister, further exacerbating a political crisis in the oil-rich state and threatening an economic stimulus plan.
The crisis could delay the approval of a $5bn economic rescue plan for Kuwait, where the stock market and financial services sector have been hit hard by the global economic turmoil.
In recent months two multibillion dollar projects – including a $17.4bn joint venture with Dow Chemical – have been cancelled partly because of the political crisis and parliamentary pressure.
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